EBF MORNING BRIEF Tuesday 14 March 2023 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA Bloomberg: SVB collapse has little bearing on EU banks, analysts say Analysts are confident there’s not an SVB Financial Group lurking among European banks, Bloomberg reports. According to a number of analysts, EU banks’ ample, diversified liquidity can be seen as a benefit because they are able to win and retain deposits and they have stronger financial reserves than the US lender. Read more
CoinDesk: EU merchants could be required to accept Digital Euro
Merchants in the eurozone area could be obliged to accept a digital euro if it is deemed to be legal tender, according to a paper seen by CoinDesk. The paper also asks "whether exemptions should be considered to ensure proportional application." Read more
Responsible Investor: Financial literacy ‘is driving factor in fee sensitivity’ for sustainable funds
Financial literacy is more likely to account for retail investor willingness to pay higher fees for sustainable funds, according to research by academics at the Universities of Kassel and Amsterdam. As reported by the Responsible Investor, such results have important implications for sustainability preferences under MiFID II. Read more |
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MARK YOUR CALENDAR! Sustainable Finance Research Forum:
Sustainable Finance in the Global South
Thursday 30 March, 2023
The Sustainable Finance Research Forum is an open platform by the European Commission’s Joint Research Center to foster discussion and knowledge exchange between researchers and the financial community.
On 30 March, the Forum will bring together a line-up of high-level speakers to explore sustainable finance in the global south, the role of science in supporting the industry, and key countries' specificities. |
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FROM EBF MEMBERS NVB: Green loans and green bonds In the sixth episode of its series of interviews, the Dutch Banking Association (NVB) spoke to Tjeerd Krumpelman, secretary of ABN AMRO's climate report. 'We strive for a just transition: we are here to help clients in the transition,' he said. Read more (NL)
FBF: The year of the bank 2022
The annual report "The Year of Banking" by the French Banking Federation (FBF) looks back on the highlights of the banking sector in 2022. While the year saw a deterioration in the economic situation, the banking sector stood out for its resilience and its commitment to the service to all its customers. Read more (FR)
HUB: Interest rates have not yet grown as in most of the EU
The first edition of the Croatian Association of Banks (HUB)'s 2023 Review shows that deposit interest rates hovered around the minimum in the euro area at the end of 2022. However, loans to companies have been growing in the past few months. Read more (HR) |
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FROM THE INSTITUTIONS
ECB: Joint ESAs-ECB Statement on disclosure on climate change for structured finance products
The European Supervisory Authorities (ESAs) and the European Central Bank (ECB) are committed to the transition toward a more sustainable economy within their respective mandates. Disclosure of climate-related information on structured finance products is key; the ESAs and the ECB are hence working to enhance disclosure standards by including new, proportionate, and targeted climate change-related information. Read more
BIS: Andréa M Maechler appointed as BIS Deputy General Manager
Andréa M Maechler, a member of the Governing Board of the Swiss National Bank, was appointed as Deputy General Manager of the Bank for International Settlements (BIS). Ms Maechler is appointed for a five-year term, starting in September 2023. Read more
European Council: Eurogroup statement on the fiscal guidance for 2024
While the uncertainty surrounding the outlook, notably in relation to geopolitical and energy-related factors, remains elevated, risks to growth appear more balanced than previously. This reinforces the need for fiscal policy to remain agile going forward. This is the main takeaway of the latest Eurogroup statement on fiscal guidance. Read more |
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FROM THE EBF
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
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ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact v.barbieri@ebf.eu
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